A Company Purchased Office Equipment for $24,500 and Paid $1,470

question 57

Multiple Choice

A company purchased office equipment for $24,500 and paid $1,470 in sales tax, $550 for installation, $3,200 for a needed adjustment to the equipment, and $2,600 for supplies that will be used for periodic routine
Maintenance. What is the journal entry to record this purchase?

• A) Option: A
• B) Option: B
• C) Option: C
• D) Option: D

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Definitions:

Subroutine

A sequence of program instructions that perform a specific task, designed to be executed from multiple places within a larger program.

Data Structure

An efficient way of organizing and storing data in a computer so that it can be used effectively, examples include arrays, linked lists, trees, and graphs.

User-Defined

Refers to specific settings or customization options that a user can modify to meet their individual preferences or requirements.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.